KenGen signs Sh709 million geothermal deal in Djibouti

KenGen managing director Rebecca Miano. FILE PHOTO | NMG

The Kenya Electricity Generating Company (KenGen) #ticker:KEGN has signed a Sh709 million contract to drill three geothermal wells in Djibouti.

The deal signed between State-owned power producer and Djiboutien De Développement De lenergie Géothermique (Djiboutian Office of Geothermal Energy Development) (ODDEG) will see the firm export its expertise in the field, the third such deals in the region.

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